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Here you can find the latest residential market trends for Northwest Indiana. Understanding the months of inventory, list-to-sold price percentage, median days on the market, and median sold price is essential to becoming an educated buyer or seller. You can compare the data to the value of your own home and use it to price it accordingly. It is also a helpful reference point when searching for potential new homes to compare with other homes in the same area. 

Data Found On Realtors Property Resource®, LLC

Lake County

June Market Trends

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The real estate market is currently experiencing a low inventory situation, with only 2.44 months of supply available. This means that there are fewer homes on the market for potential buyers to choose from, leading to increased competition and potentially higher prices. Over the past year, there has been a significant increase in the number of months of inventory, with a change of +17.87%. This could indicate a shift towards a more balanced market, giving buyers more options and potentially leading to a stabilization of prices. Homes are selling quickly, with a median of only 12 days on the market. This suggests that there is strong demand for homes in this area, and sellers may be able to sell their homes quickly if priced competitively.

The list-to-sold price percentage is high at 99%, indicating that homes are generally selling close to their listing price. This could be due to the competitive market conditions and strong demand from buyers. The median sold price in this area is $267,950, reflecting the current market conditions and the overall value of homes in the area.

Porter County

June Market Trends

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When analyzing the real estate metrics provided, we can see a correlation between the Months Supply of Inventory, the 12-Month Change in Months of Inventory, and the Median Days Homes are On the Market. The Median Days Homes are On the Market at just 15 days further emphasizing the high demand for properties in this market. The quick turnaround time for homes being sold indicates a competitive market where buyers are eager to secure properties. Additionally, the List to Sold Price Percentage being at 100.2% indicates that on average, homes are selling for slightly above their list price. This further demonstrates the strong demand and competition among buyers in this market. Lastly, the Median Sold Price of $346,990 showcases the value of properties in this market. With homes selling quickly and often above the asking price, sellers can expect to receive strong offers for their properties.

St. Joseph County

June Market Trends

The Month's Supply of Inventory is a key metric that indicates the balance between supply and demand in the market. A low number, such as 1.44, suggests a seller's market where there are more buyers than available properties. This can lead to increased competition and higher prices. The Median Days Homes are On the Market is a quick 7 days, indicating a fast-moving market where properties are selling quickly. This could be attributed to the low inventory levels and high demand, leading to a sense of urgency among buyers. The List to Sold Price Percentage of 99.4% suggests that sellers are typically receiving close to their asking price. This could be due to the competitive market conditions and limited inventory, allowing sellers to command higher prices. Lastly, the Median Sold Price of $199,500 reflects the current market value of properties in this area. 

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Past Market Trends

Want to see how the current residential market trends compare to previous months?

Find more information below.


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